Fed news cycle about to spin wildly

10:31 PM,
Sep. 16, 2013

Federal Reserve Chairman Ben Bernanke is nearing the end of his tenure.

Written by

Adam Shell
Gannett

NEW YORK -- If you haven't heard yet, the Federal Reserve starts a two-day meeting Tuesday that could end with the answer to the question that Wall Street has been asking for months: Will the Fed finally start cutting back on its bond-buying program?

The other big question buzzing on trading desks: Now that Lawrence Summers, believed to be President Obama's pick to replace current Fed Chairman Ben Bernanke when his appointment expires, took himself out of the race, who will get the nod?

Will it be current Fed Vice Chair Janet Yellen? She's Wall Street's preferred choice, because she has a ...